ABSTRACT Neoliberalism and austerity are not ‘false policies’, but strategies of increasing profits by reducing labor and welfare costs. In the process of dismantling labor rights and the welfare state, a part of the population is being marginalized. It becomes […]
Transcending the nation: a communist strategy in the era of globalization. A reply to Velissariou
The Marxist concept of value is very frequently equated, whether explicitly or merely tacitly, with the corresponding Ricardian concept of “labour expended”. This paper argues that unlike the Ricardian theory of value, the Marxist theory of value is a monetary
Marx’s Critique of (Ricardian) Political Economy, the Quantity Theory of Money and Credit Money
Contemporary capitalism is characterized on the one hand by ‘liberalization’ of markets, flexibility and restructuring of production structures in a direction undermining the workers’ rights and living standards, and on the other by a huge expansion of the financial sphere.
Marx’s Monetary Theory of Value and Capital and Contemporary Capitalism
Karl Marx and the Classics An Essay on Value, Crises and the Capitalist Mode of Production by John Milios, Dimitri Dimoulis and George Economakis Marx’s Critique of Political Economy constitutes not a “correction” of Classical Political Economy’s “mistakes” or “misunderstandings
Marx’s Capital does not present an analysis of different economic ‘models’ of ‘themes’ (first the ‘simple commodity production’, then the ‘capitalist commodity’, etc.). It has a unique object of study, the capitalist mode of production (i.e. the immanent regularities and tendencies
Marx’s Value Theory Revisited. A ‘Value-form’ Approach
Dear comrades and friends, In order to answer the question stated by the organizers of this very important meeting, we must speak about neoliberalism and the financial sphere.Neoliberalism is a form of capitalist exploitation, i.e. of extracting surplus valueand stren
The character of the crises: Seeking a way-out for the social majority
Werttheorie, Ideologie und Fetischismus Dimitri Dimoulis, Jannis Milios 1. Die Frage des Fetischismus Der Warenfetischismus ist ein “klassisches” Thema der marxistischen Literatur1. Er ist nicht nur ein zentraler Bezugspunkt für die Werttheorie und für die Analyse des bürgerlichen Rechts und
Werttheorie, Ideologie und Fetischismus
Dear friends and comrades, I will argue that the return of statist and nationalist policies does not actually mean that Neoliberalism is being challenged. Neoliberalism is a form of capitalist goverrnmentality, a form of organizing the power of capital over
After Brexit and Donald Trump: Is Nationalism challenging Neoliberalism?
Exposition of the basic points of the Marxist theory of value and its ideological implications, of money (Parts I and II), of social capital and of crises (Parts III and IV) makes it clear that the theoretical analysis (the system
On the Character of Marxian Theory, “Ricardian Marxism” and the Role of F. Engels
The notion of capital overaccumulation, as constructed by Marx in Volume 3 of Capital on the basis of his “preliminary definition” of “absolute overproduction”, is considered in this paper as the key element of Marx’s crisis theory. Following what the
ON MARX’S CRISIS THEORY IN THE ORIGINAL MANUSCRIPT OF THE 3RD VOLUME OF CAPITAL
George Economakis and John Miliosi Abstract The aim of the present paper is to critically present Rosa Luxemburg’s critique to Marx’s reproduction schemes of a pure capitalist economy in Volume 2 of Capital, as a point of departure in
“Third Persons” and Reproduction: A Note to R. Luxemburg’s Critique of Marx’s Reproduction Schemes
John G. Milios, Spyros Lapatsioras and Dimitris P. Sotiropoulos Extreme austerity policies implemented by Greek and European governments after the outbreak of the 2008 global economic crisis constitute neither a ‘correct’ strategy for economic reform and development nor an ‘erroneous’
The ‘Greek Crisis’ and the Austerity Controversy in Europe